Turkish state lenders sold about $6 billion to defend the lira on Thursday, about half shortly after a court decision that removed the main opposition party’s leadership, according to traders familiar with the transactions.
A Turkish court has annulled the 2023 CHP leadership vote, opening the door to overturning the choice of Turkey’s main opposition party. Arrests were not enough. Detentions were not enough. Now Erdoğan’s system wants to decide who may lead the opposition. This is how democracy is
Turkey is facing a protracted, unprecedented economic crisis; the Iran War next door is unresolved and Turkey’s draconian judiciary backed by governmental circles plunge whole of Turkey to unchartered, treacherous waters.
Real life version of shooting yourself on the foot.
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